alexa The Impact of Financial and Moral Incentives on Organiz
E-ISSN: 2223-5833

Arabian Journal of Business and Management Review
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Research Article

The Impact of Financial and Moral Incentives on Organizational Performance: A Study of Nigerian Universities

Elumah Lucas O1*, Ibrahim Olaniyi M2 and Shobayo Peter B1

1Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria

2Moshood Abiola Polytechnic, Department of Marketing, Abeokuta, Ogun State, Nigeria

*Corresponding Author:
Elumah Lucas O
Olabisi Onabanjo University, Ago- Iwoye
Ogun State, Nigeria
Tel: +2348068014910
E-mail: [email protected]

Received date: June 29, 2016; Accepted date: July 14, 2016; Published date: July 21, 2016

Citation: Elumah Lucas O, Ibrahim Olaniyi M, Shobayo Peter B (2016) The Impact of Financial and Moral Incentives on Organizational Performance:A Study of Nigerian Universities. Arabian J Bus Manag Review 6:255.

Copyright: © 2016 Elumah Lucas O, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 

Abstract

The study aims to examine the impact of financial incentives and moral incentives on organizational performance on employees of the Nigerian Universities. This study aims at investigating the role of the Nigerian universities in meeting the employees' societal needs, knowing the implemented incentives approach and knowing the level of performance in the Nigerian universities. Six universities in Nigeria were selected for the purpose of this study and analysis was done using Statistical packages for social sciences (SPSS) program. The main findings indicated that there is an adequate level of incentives provided to employees in Nigerian universities. Financial incentives ranked in 1st while moral incentives ranked 2nd It was also found that there is a high level of organizational performance. There was also a negative relationship between financial and moral incentives and organizational performance. Finally, this study has verified further research opportunities that could enrich the understanding of Incentives and organizational Performance in Nigerian universities.

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